Nuance Investments LLC reduced its stake in Werner Enterprises, Inc. (NASDAQ:WERN - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,612,594 shares of the transportation company's stock after selling 331,299 shares during the period. Werner Enterprises makes up approximately 5.2% of Nuance Investments LLC's investment portfolio, making the stock its 6th biggest position. Nuance Investments LLC owned about 5.84% of Werner Enterprises worth $129,764,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company's stock valued at $50,000 after acquiring an additional 514 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Werner Enterprises during the third quarter worth about $96,000. KBC Group NV increased its holdings in Werner Enterprises by 43.7% in the 4th quarter. KBC Group NV now owns 2,976 shares of the transportation company's stock worth $107,000 after purchasing an additional 905 shares in the last quarter. SG Americas Securities LLC raised its position in Werner Enterprises by 59.1% in the fourth quarter. SG Americas Securities LLC now owns 4,187 shares of the transportation company's stock valued at $150,000 after purchasing an additional 1,555 shares during the last quarter. Finally, Cim Investment Management Inc. bought a new stake in shares of Werner Enterprises during the third quarter worth about $203,000. Institutional investors and hedge funds own 89.32% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. StockNews.com upgraded shares of Werner Enterprises from a "sell" rating to a "hold" rating in a research report on Wednesday, March 19th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Werner Enterprises in a research note on Friday, March 7th. They set a "hold" rating and a $33.00 target price for the company. Barclays cut their price target on shares of Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Finally, Wells Fargo & Company decreased their price target on Werner Enterprises from $34.00 to $27.00 and set an "underweight" rating for the company in a report on Thursday. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $36.13.
Check Out Our Latest Stock Report on WERN
Werner Enterprises Stock Down 1.6 %
Shares of WERN traded down $0.47 during trading hours on Friday, reaching $29.33. The stock had a trading volume of 527,598 shares, compared to its average volume of 764,177. The firm has a 50-day simple moving average of $33.23 and a 200 day simple moving average of $36.22. Werner Enterprises, Inc. has a 12 month low of $28.77 and a 12 month high of $42.48. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 53.33 and a beta of 0.85.
Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. Equities research analysts predict that Werner Enterprises, Inc. will post 1.27 earnings per share for the current fiscal year.
Werner Enterprises Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Monday, April 14th. Werner Enterprises's dividend payout ratio is currently 101.82%.
Werner Enterprises Company Profile
(
Free Report)
Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.
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